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2016 ANNUAL REPORT
127
INDEPENDENT AUDITOR’S REPORT
To the sole member of HK Electric Investments Manager Limited
(Incorporated in Hong Kong with limited liability)
Opinion
We have audited the financial statements of HK Electric Investments Manager Limited (the “Company”) set out on pages 129
to 136, which comprise the statement of financial position as at 31 December 2016, the statement of profit or loss and other
comprehensive income, the statement of changes in equity and the cash flow statement for the year then ended and notes to
the financial statements, including a summary of significant accounting policies.
In our opinion, the financial statements give a true and fair view of the financial position of the Company as at 31 December
2016 and of its financial performance and cash flows for the year then ended in accordance with Hong Kong Financial
Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and have been
properly prepared in compliance with the Hong Kong Companies Ordinance.
Basis for opinion
We conducted our audit in accordance with Hong Kong Standards on Auditing (“HKSAs”) issued by the HKICPA. Our
responsibilities under those standards are further described in the
Auditor’s responsibilities for the audit of the financial
statements
section of our report. We are independent of the Company in accordance with the HKICPA’s
Code of Ethics for
Professional Accountants
(“the Code”) and we have fulfilled our other ethical responsibilities in accordance with the Code. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Information other than the financial statements and auditor’s report thereon
The Directors of the Company (in its capacity as the trustee-manager of HK Electric Investments) and of HK Electric Investments
Limited are responsible for the other information. The other information comprises all the information included in the annual
report, other than the financial statements and our auditor’s report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance
conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are
required to report that fact. We have nothing to report in this regard.
Responsibilities of the Directors for the financial statements
The Directors of the Company are responsible for the preparation of financial statements that give a true and fair view in
accordance with HKFRSs issued by the HKICPA and the Hong Kong Companies Ordinance and for such internal control as the
Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the Directors are responsible for assessing the Company’s ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the
Directors either intend to liquidate the Company or to cease operations or have no realistic alternative but to do so.